empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
10.04.2025 12:19 PM
EUR/USD. April 10. Trump Continues to Shake the Markets
Open trading account Open demo account

On Wednesday, the EUR/USD pair made two rebounds from the resistance zone of 1.1081–1.1095, turned in favor of the U.S. dollar, and declined toward the support zone of 1.0944–1.0957. A rebound from this zone will favor the euro and could trigger a resumption of growth toward the 1.1081–1.1095 level. For now, I do not anticipate a deeper decline, although much depends on the informational background, which, thanks to Trump, remains highly volatile.

This image is no longer relevant

The wave pattern on the hourly chart has changed. The last completed downward wave did not break the previous low, while the new upward wave broke the previous peak. Therefore, the waves now suggest a reversal to a bullish trend. Donald Trump continues to impose new import tariffs, and panic and chaos persist in the markets. Bulls became more active again last week, but at the moment, it is hard to say who truly has the initiative—conditions are changing too rapidly.

The news background on Wednesday again had a direct impact on trader sentiment. There was a flood of headlines, and traders at times didn't know what to react to. First, Donald Trump raised tariffs on Chinese imports to 125% in response to China's decision to raise tariffs on U.S. goods to 84%. Later in the evening, it was announced that Trump decided to implement a three-month negotiation pause for all countries except China. The pause is mostly symbolic, as tariffs will still remain in effect, albeit at a reduced "preferential" rate of 10%. For the dollar, which has lacked positive news lately, even this development was welcomed. Still, the bears were unable to mount sustained pressure, as the broader situation remains unchanged. Trump's goodwill on Wednesday evening does not mean the trade war is over, nor that peace and friendship have been restored. Knowing Trump, he could cancel the preferential period and raise all tariffs again as soon as next week.

This image is no longer relevant

On the 4-hour chart, the pair reversed in favor of the U.S. dollar, but the future direction will depend on how global events unfold. The trade war, in the full sense of the term, has only just begun. Therefore, I cannot base expectations for the pair's growth or decline solely on existing information. Market movements will be dictated exclusively by the incoming news flow. However, the bullish trend remains intact.

Commitments of Traders (COT) Report:

This image is no longer relevant

Over the past reporting week, professional traders closed 6,549 long positions and opened 7,141 short positions. Sentiment in the "Non-commercial" category has recently turned bullish again—thanks to Donald Trump. The total number of long positions held by speculators now stands at 183,000, while short positions are at 131,000.

For twenty consecutive weeks, large players had been selling off the euro, but now for eight weeks straight, they have been reducing short positions and increasing long ones. The divergence in monetary policy approaches between the ECB and the Fed continues to support the U.S. dollar, but Trump's policy has become a more significant factor for traders, as it may exert dovish pressure on the Fed's stance and even trigger a recession in the U.S. economy.

Economic Calendar for the U.S. and the EU:

  • U.S. – Consumer Price Index (12:30 UTC)
  • U.S. – Initial Jobless Claims (12:30 UTC)

On April 10, the economic calendar includes two U.S. reports, one of which is relatively important. Thus, the informational background may strongly influence market sentiment on Thursday, but any news about tariffs will remain the primary driver. On Wednesday, China announced an 84% tariff on imports from the U.S., and the U.S. responded with a 125% hike. Tensions continue to escalate.

EUR/USD Forecast and Trading Tips:

Consider buying or selling the pair today only if clear signals appear near key levels on the hourly chart. However, I would once again emphasize that movements will depend more on the news cycle than on chart patterns.

Fibonacci levels are drawn from 1.0957–1.0733 on the hourly chart and from 1.1214–1.0179 on the 4-hour chart.

Samir Klishi,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Technical analysis
EUR/USD. May 23rd. Smart Money System Analysis After the breakdown of the bearish structure, we witnessed a strong rally in the euro, which, as of now, cannot be considered complete. The new bullish structure remains intact
Samir Klishi
20:09 2025-05-23 +02:00
2440
Crypto-currencies
Bitcoin. May 23rd. Smart Money System Analysis Bitcoin continues to form a bullish trend structure. One could argue whether there are real reasons for a new bullish trend at the moment, but the chart suggests only that—unambiguously
Samir Klishi
20:04 2025-05-23 +02:00
2080
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. May 23rd. Smart Money System Analysis

After the breakdown of the bearish structure, we witnessed a strong rally in the euro, which, as of now, cannot be considered complete. The new bullish structure remains intact
Samir Klishi 20:09 2025-05-23 UTC+2

Trading Signals for BITCOIN for May 23-27, 2025: sell below $108,700 (200 EMA - 21 SMA)

Bitcoin is trading around 109,369, bouncing back after reaching the key level of 107,500, which represents strong support for Bitcoin. If it consolidates above 108,700 (21SMA) in the coming hours
Dimitrios Zappas 18:16 2025-05-23 UTC+2

Trading Signals for GOLD for May 23-27, 2025: sell below $3,360 (7/8 Murray - 21 SMA)

On the other hand, if gold consolidates above 3,370, the outlook could remain positive, and we could expect it to rise and reach 8/8 of the Murray level at 3,437
Dimitrios Zappas 18:14 2025-05-23 UTC+2

XAG/USD. Analysis and Forecast

Silver is regaining positive momentum, maintaining control above the key psychological level of $33.00. The emergence of buying on declines confirms that this week's breakout above the upper boundary
Irina Yanina 17:27 2025-05-23 UTC+2

Forecast for EUR/USD on May 23, 2025

On Thursday, the EUR/USD pair retraced back to the support zone of 1.1260–1.1282, reversed in favor of the euro, and resumed its upward movement toward the yet-to-be-tested resistance zone
Samir Klishi 16:39 2025-05-23 UTC+2

Forecast for GBP/USD on May 23, 2025

On the hourly chart, the GBP/USD pair traded sideways on Thursday but overall continues its upward movement. On Friday, the pair achieved a new consolidation above the minor resistance level
Samir Klishi 16:28 2025-05-23 UTC+2

Forex forecast 23/05/2025: EUR/USD, GBP/USD, SP500, Gold, and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Sebastian Seliga 10:51 2025-05-23 UTC+2

EUR/USD Forecast for May 23, 2025

The Eurozone PMI data for May, published yesterday, was disappointing. The Manufacturing PMI dropped from 49.0 to 48.4 (vs. expectations of 49.2), and the Services PMI declined from 50.1
Laurie Bailey 05:16 2025-05-23 UTC+2

GBP/USD Forecast for May 23, 2025

Yesterday, the British pound closed at its opening level, which visually appears as a consolidation below the 1.3433 level — a level that the price is already attempting to break
Laurie Bailey 04:48 2025-05-23 UTC+2

EUR/NZD Forecast for May 23, 2025

On the daily chart, the pair's quote breaks above the MACD line after spending two weeks below it. The Marlin oscillator's entry into positive territory supports the assumption
Laurie Bailey 04:43 2025-05-23 UTC+2

Top analytics

Relevance up to 08:00 UTC--4
USD declares war on EUR
14:59 2025-05-23
Fundamental analysis
Relevance up to 12:00 UTC--4
Trading Signals for GOLD for May 23-27, 2025: sell below $3,360 (7/8 Murray - 21 SMA)
18:14 2025-05-23
Technical analysis
Relevance up to 06:00 2025-05-26 UTC--4
Gold Rebounds as Fiscal Risks Resurface
17:31 2025-05-23
Fundamental analysis
Relevance up to 12:00 UTC--4
Trading Signals for BITCOIN for May 23-27, 2025: sell below $108,700 (200 EMA - 21 SMA)
18:16 2025-05-23
Technical analysis
Relevance up to 05:00 2025-05-26 UTC--4
Update on US stock market on May 23. Correction underway
14:53 2025-05-23
Stock Markets
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.